PENG (NASDAQ:PENG) Price Target Cut to $22.00 by Analysts at Barclays

PENG (NASDAQ:PENG) had its price target cut by Barclays from $27.00 to $22.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Separately, Needham & Company LLC lowered their target price on PENG from $35.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday.

PENG Price Performance

Shares of PENG stock opened at $15.69 on Wednesday. PENG has a 1-year low of $13.14 and a 1-year high of $29.81.

PENG Company Profile

SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.